Tyson Foods Stock Price, News & Analysis

On August 12, 2021, Tyson Foods declared a quarterly dividend of $0.445 per share on Class A common stock and $0.4005 per share on Class B common stock. The dividends are payable on December 15, 2021, to shareholders of record by the close of business on December 1, 2021. Tyson Foods, headquartered in Springdale, Arkansas, is a leading global food company with a large portfolio of brands. The company focuses on sustainability and innovation in protein production.

Tyson Foods reported strong financial results for Q3 and the first nine months of 2021, with sales reaching $12.478 billion and $34.238 billion, representing a 24.5% and 7.9% increase year-over-year, respectively. Net income attributable to Tyson was $749 million for Q3, up 42% from the previous year. Adjusted EPS rose 93% to $2.70. The company anticipates sales around $46-$47 billion for fiscal 2021 and noted a $1 billion reduction in total debt. However, direct COVID-19 expenses impacted results, totaling approximately $270 million.

Tyson Foods (NYSE: TSN) announced a COVID-19 vaccination mandate for its U.S. office team members, requiring full vaccination by October 1, 2021, and for other team members by November 1, 2021. This initiative positions Tyson as the largest U.S. food company to enforce such a mandate. To support vaccination efforts, the company will provide $200 to frontline workers. Since February, Tyson has conducted over 100 vaccination events, with more than 56,000 team members vaccinated. The company has invested over $700 million in COVID-19-related safety measures.

Tyson Foods, Inc. (NYSE: TSN) will host its fiscal 2021 third quarter earnings call on August 9, 2021, at 9 a.m. ET. A press release detailing the results will be issued earlier that day. Interested participants can pre-register for the call or dial in for live access. A replay of the call will be available through September 8, 2021. Tyson Foods, founded in 1935, is a leading global food company specializing in protein, with over 139,000 employees and a commitment to sustainable practices and community engagement.

Tyson Foods is recalling approximately 8.5 million pounds of frozen, fully cooked chicken products as a precaution due to possible exposure to Listeria monocytogenes. The affected products, manufactured between December 26, 2020, and April 13, 2021, at their Dexter, Missouri facility, were distributed nationwide and in Puerto Rico. No conclusive evidence of contamination exists at the time of shipment. Tyson emphasizes its commitment to food safety, and consumers can find detailed product information and a retail distribution list on the USDA's website.

Soft Robotics has announced a successful $10M Series B extension to expand its commercial operations in response to the increased demand due to the COVID-19 pandemic. This funding focuses on launching their SoftAI™ powered robotic solutions, integrating 3D vision and AI for automation of bulk picking processes in the food supply chain. The round saw participation from Tyson Ventures, alongside other notable investors. Soft Robotics aims to leverage its patented technologies to enhance automation in food processing, as demand for their solutions has surged significantly.

Tyson Foods has launched new Plant Based Bites under its Raised & Rooted brand, available in Buffalo and Sweet Barbecue flavors. These bite-sized snacks aim to meet the growing demand for plant-based products, offering 8g of protein, 3g of fiber, and 33% less saturated fat than USDA white meat chicken nuggets. Priced at $4.99 per package, the bites are designed for easy preparation and consumption. This product expansion aligns with Tyson's strategy to provide tasty, healthier alternatives to traditional meat products.

Tyson Foods (NYSE: TSN) has announced its goal to achieve net-zero greenhouse gas (GHG) emissions by 2050 across its global operations and supply chain. Marking a significant milestone, it is the first U.S.-based protein company with an emissions reduction target validated by the Science Based Targets initiative (SBTi). To support this, Tyson plans to realign its baseline targets, utilize 50% renewable energy by 2030, and enhance sustainable practices, including expanded land stewardship. The company's FY2020 Sustainability Progress Report showcases its commitment to addressing climate change and enhancing transparency in operations.

Tyson Foods, along with partners Feed the Children and Americold, has launched an "Alliance to Defeat Hunger" initiative. This 10-city tour aims to supply almost 2 million meals to families facing food insecurity in rural areas across the U.S. Starting on June 8 in Springdale, Arkansas, the tour will distribute food and essentials to over 1,200 households per city. This initiative also includes setting up school pantries to support children and families during the summer months when school is not in session.